James Winston King Sells 999 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) insider James Winston King sold 999 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $118,621.26. Following the transaction, the insider directly owned 31,702 shares of the company’s stock, valued at approximately $3,764,295.48. This represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $111.32 on Thursday. The stock has a fifty day moving average price of $135.48 and a 200 day moving average price of $155.26. The stock has a market cap of $9.27 billion, a PE ratio of 60.17 and a beta of 0.93. Guidewire Software, Inc. has a 1 year low of $111.08 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.Guidewire Software’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GWRE has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. Citizens Jmp dropped their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. Stifel Nicolaus dropped their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada dropped their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.00.

Key Guidewire Software News

Here are the key news stories impacting Guidewire Software this week:

• Neutral Sentiment: The company reported strong fiscal Q4 results on June 4, beating EPS and revenue estimates and posting 26.9% year-over-year revenue growth, which remains a fundamental positive for GWRE.
• Positive Sentiment: Some commentary points to Guidewire’s buyback program as a possible support for the stock if the recent sell-off continues, and analysts still broadly rate the shares a Moderate Buy.
• Negative Sentiment: Multiple insiders sold shares on June 15–16, including CEO Michael Rosenbaum, CFO Jeffrey Cooper, President John Mullen, and CAO David Franklin Peterson, which can be interpreted as a bearish near-term signal for investor sentiment.
• Negative Sentiment: Several Wall Street firms lowered price targets after earnings, including Stifel, RBC, Goldman Sachs, and DA Davidson, suggesting expectations have cooled even though ratings remain constructive.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently made changes to their positions in GWRE. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software in the first quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Guidewire Software in the third quarter valued at $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $36,000. Leonteq Securities AG purchased a new stake in shares of Guidewire Software in the first quarter valued at $36,000. Finally, Bogart Wealth LLC grew its position in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the period.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.